SSC Security Services Corp. Concludes FY2025 and Q4 with Stronger Margins and Increased Adjusted EBITDA per Share

Executive Summary

• SSC Security Services Corp. reported its fiscal year 2025 and Q4 results for the period ended September 30, 2025, highlighting improved profitability metrics including higher gross margins and increased Adjusted EBITDA per share.
• The company achieved $119.4 million in revenue for the full year (consistent with prior year) and $32.4 million in Q4 (up 9.3% year-over-year), driven by organic growth.
• Balance sheet strength was maintained with no debt, $11.3 million in cash, and total shareholders' equity of $61.4 million, alongside the completion of a Normal Course Issuer Bid (NCIB) buyback program.

Key Details

• FY2025 Revenue: $119.4 million (vs. $120.6 million in FY2024).
• Q4 2025 Revenue: $32.4 million (up 9.3% from $29.6 million in Q4 2024).
• FY2025 Gross Profit: $20.0 million with a 16.8% margin (up from $19.2 million and 15.9% margin in FY2024).
• Q4 2025 Gross Profit: $5.5 million with a 16.9% margin (up from $4.9 million and 16.4% margin in Q4 2024).
• FY2025 Adjusted EBITDA: $5.7 million ($0.31 per share), up from $5.0 million ($0.26 per share) in FY2024.
• Q4 2025 Adjusted EBITDA: $2.0 million ($0.11 per share), up from $1.2 million ($0.06 per share) in Q4 2024.
• FY2025 Adjusted Net Income: $2.7 million ($0.15 per share), up from $2.0 million ($0.10 per share) in FY2024.
• Q4 2025 Adjusted Net Income: $1.0 million ($0.05 per share), up from $0.5 million ($0.03 per share) in Q4 2024.
• FY2025 Comprehensive Net Income: $0.2 million ($0.01 per share), compared to $0.6 million ($0.03 per share) in FY2024.
• Q4 2025 Comprehensive Net Income: $0.2 million ($0.01 per share), compared to a loss of $0.1 million ($0.01 per share) in Q4 2024.
• NCIB Share Buybacks: 439,200 shares repurchased at an average price of $2.54 per share during FY2025 (prior year: 591,400 shares at $2.52 per share). All but 700 shares were cancelled.
• Dividends: $0.03 per share paid in Q4 2025.
• Balance Sheet (Sept 30, 2025):
  • Cash and cash equivalents: $11.3 million ($0.62 per share).
  • Working capital: $25.3 million.
  • Total shareholders' equity: $61.4 million.
  • Long-term debt: $0.
  • Common shares outstanding: 18,265,000.

Notable Quotes

• "The story of SSC remains one of steady, consistent—some might even say predictable—growth. Our continued focus on profitability has driven margin improvement this year, which is an important indicator for our business. Our commitment to disciplined M&A, share buybacks, and thoughtful capital allocation remains unchanged. Over the long term, this approach will continue to build a strong and resilient company for our shareholders," said Chairman and CEO Doug Emsley.